Why Saving S$1,000 a Month for Retirement Could Be Your Biggest Financial Mistake—Here’s What You’re Missing!
I just told him that experience tells me both his wife and him should have reached CPF Full Retirement Sum. This means each has a CPF LIFE Annuity Income, accessible at 65 years old, that has the purchasing power of S$1,400 monthly today. (If you have no idea how this math came about, I kind of write about this in this two articles: CPF’s New Personal Retirement Income Planner Tells Me I Secured a $1,430 to $1,770 Real Monthly Income and How to Inflation-Adjust Your CPF LIFE Basic or Standard Plans)
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